Par Pacific EV/EBITDA 5.06x Versus Peers as Stock Jumps 170.6%
Par Pacific trades at a 12-month EV/EBITDA of 5.06x, below the 5.13x industry average and far below Valero’s 7.87x and Phillips 66’s 13.25x, while its shares have surged 170.6% over the past year. WTI crude around $63/bbl and a projected $53.42 average in 2026 should boost Par Pacific’s refining margins.
1. Valuation Comparison
Par Pacific’s trailing 12-month EV/EBITDA multiple of 5.06x is below the industry average of 5.13x and considerably under Valero Energy’s 7.87x and Phillips 66’s 13.25x, suggesting a more conservative market valuation for its refining operations.
2. Recent Share Performance
Over the past 12 months, Par Pacific’s shares have climbed 170.6%, significantly outperforming the broader refining index increase of 27.2% and highlighting strong investor appetite for its assets.
3. Impact of Lower Crude Prices
With West Texas Intermediate crude trading near $63 per barrel and a forecasted average of $53.42 for 2026, Par Pacific is positioned to benefit from reduced feedstock costs and potential margin expansion in its refining segment.